This is some initial thinking to help HVAC and Plumbing home services companies see it through the uncertainty that COVID 19 has brought to the World.
Many contractors have reported that their line of credit has been slashed by half or more. Contact your supply house, bank, credit card to investigate this for you and your business. For now, you want to keep as much cash in your business as you can, and if you have been living off recurring credit that may about to be slashed, then you need to know about it quickly and make decisions about how much and what to paydown.
Are you guilty of throwing money at marketing and promotions without any prior planning? Have you spent money on training or software that you’ve never truly benefited from?
Are you constantly on a hamster wheel in your business, but never really achieving your goals?
You could be guilty of Random Acts of Business.
Random Acts of Business can lead to chaos, as they are symptomatic of poor planning and organization.
In today’s episode, let Nick share with you the 3 key things you should be doing in your business to avoid these random acts.
Let Nick show you the method of getting from ‘Right Now’ to your goal in a structured way.
“How does having a business plan and a strategy help you run your business anyway? Isn’t that just for city slickers or bigger businesses? This is the real world here - I am way too busy for that shit.”
This is a very common view of strategy and planning from the average business owner. And it is heartbreaking.
Here are some interesting questions that every business owner needs to consider…